Latest Currency News Continued - page 2
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EUR GBP Exchange Rate Slips on Rising Geopolitical Tensions
9 Aug 2017 at 2 PM - Written by John Cameron
STORY LINK EUR GBP Exchange Rate Slips on Rising Geopolitical Tensions
The Euro Pound (EUR GBP) exchange rate dipped this morning as currency markets were rocked by rising tensions on the Korean peninsula.
Euro (EUR) loses Out as Geopolitical Tensions Spook Currency Markets
The Euro was driven lower this morning as a sudden escalation in tensions between the US and North Korea rattled markets on the 10th anniversary of the financial crisis.
The surge in tensions was initially prompted...
CATEGORIES: Euro Pound Forecasts
GBP to AUD Exchange Rate Edges Higher as Markets Become Risk-Averse
9 Aug 2017 at 1 PM - Written by Ben Hughes
STORY LINK GBP to AUD Exchange Rate Edges Higher as Markets Become Risk-Averse
A rise in market risk-aversion on Wednesday has helped the British Pound to Australian Dollar exchange rate to advance from its weekly lows, despite the latest Australian data falling short of market expectations.
After broad Pound weakness last week left GBP/AUD at the level of 1.6441, the pair touched on a low of 1.6396 yesterday. Since then though, the pair has recovered and at the time of writing trended near the level of...
CATEGORIES: Pound Australian Dollar Forecasts
GBP NZD Exchange Rate Rally Forecast Ahead of Dovish RBNZ Policy Meeting
8 Aug 2017 at 2 PM - Written by Frank Davies
STORY LINK GBP NZD Exchange Rate Rally Forecast Ahead of Dovish RBNZ Policy Meeting
A fresh bout of Brexit-based uncertainty helped to keep the Pound New Zealand Dollar exchange rate under pressure at the start of the week.
Clarity over the likely outcome of negotiations remained distinctly lacking as a result of conflicting reports regarding the size of the UK’s divorce bill, and what the government might be willing to pay.
This limited the appeal of the Pound, particularly as the latest Halifax house...
CATEGORIES: Pound New Zealand Dollar Forecasts
Dovish Fed Comments Lead to USD JPY Exchange Rate Slump
8 Aug 2017 at 1 PM - Written by Toni Johnson
STORY LINK Dovish Fed Comments Lead to USD JPY Exchange Rate Slump
Remarks of two Fed policymakers have weakened the US Dollar today, leading to a drop to 110.4200 against the Japanese Yen.
USD JPY Decline Triggered by Downplayed Interest Rate Hike Odds
On a relatively quiet week for US economic announcements, the US Dollar has slipped against the Japanese Yen by -0.3%.
This weakness has come from a negative trader reaction to earlier statements from Federal Reserve officials Neel...
CATEGORIES: Japanese Yen Forecasts
US Dollar to British Pound Exchange Rate Sturdy on US Non-Farm Payrolls
7 Aug 2017 at 1 PM - Written by James Fuller
STORY LINK US Dollar to British Pound Exchange Rate Sturdy on US Non-Farm Payrolls
Last week saw the US Dollar to British Pound exchange rate briefly hit its worst levels all year, but Sterling was unable to hold those gains due to the latest Bank of England (BoE) decision and US Non-Farm Payroll news.
After beginning last week at around 0.7614, USD/GBP tumbled and hit a 2017 low of 0.7543. After that the pair recovered and ended the week near a weekly high of 0.7675. USD/GBP continues to trend close to this...
CATEGORIES: Dollar Pound Forecasts
GBP EUR Exchange Rate Slides over Concerns for Brexit Negotiations
7 Aug 2017 at 11 AM - Written by Toni Johnson
STORY LINK GBP EUR Exchange Rate Slides over Concerns for Brexit Negotiations
The Pound Euro (GBP EUR) exchange rate tumbled at the start of this week’s session following reports that the UK’s Brexit negotiations ‘have not begun well’.
Brexit Negotiations Concerns Weigh on Pound (GBP)
Sterling stumbled in early trade this morning following suggestions that ‘differences’ in the UK government were placing strains on the UK’s Brexit talks with the EU.
Sir Simon Fraser, former chief...
CATEGORIES: Pound Euro Forecasts
GBP to USD Exchange Rate Sheds Week’s Gains Ahead of US NFP Report
4 Aug 2017 at 12 PM - Written by Minesh Chaudhari
STORY LINK GBP to USD Exchange Rate Sheds Week’s Gains Ahead of US NFP Report
Despite broad US Dollar weakness lately, the British Pound to US Dollar exchange rate shed its weekly gains on Thursday as investors reacted to the latest Bank of England (BoE) news and awaited Friday’s key US data.
The pair currently trends near the week’s opening levels of 1.3132, but as recently as yesterday GBP/USD hit a fresh 2017 high of 1.3256. This was also the pair’s best level since September 2016.
CATEGORIES: Pound Dollar Forecasts
GBP/USD Rises on ‘Super Thursday’ After Services PMI Beats Forecasts
3 Aug 2017 at 11 AM - Written by Toni Johnson
STORY LINK GBP/USD Rises on ‘Super Thursday’ After Services PMI Beats Forecasts
The British Pound to US Dollar exchange rate has struck a fresh 11-month high today in anticipation of the upcoming Bank of England (BoE) releases.
GBP/USD is trading at $1.3251, supported also by a stronger-than-expected uptick in the UK’s latest services PMI.
Britain’s dominant sector saw the purchasing manager’s index from Markit rise from 53.4 to 53.8, instead of the 53.6 expected.
Chris Williamson, Markit Chief...
CATEGORIES: Pound Dollar Forecasts
Unsurprisingly Dovish ECB Bulletin Fails to Shore up EUR USD Exchange Rate
3 Aug 2017 at 10 AM - Written by David Woodsmith
STORY LINK Unsurprisingly Dovish ECB Bulletin Fails to Shore up EUR USD Exchange Rate
A mixed raft of Eurozone services and composite PMIs left the Euro US Dollar exchange rate on a softer footing, even though the currency union remained in a solid state of growth.
Investors were discouraged by downward revisions to the finalised German PMIs, prompting concerns that the Eurozone’s powerhouse economy is losing some of its momentum at the start of the third quarter.
As Chris Williamson, Chief Business...
CATEGORIES: Euro Forecasts